American Opportunity Credit/Hope Credit

[zeros]

The American opportunity credit replaces the Hope education credit for most taxpayers for tax years 2009 & 2010. It can be claimed for the first 4 years of post secondary education and claimed for up to 4 tax years. The maximum credit is $2500, and up to $1,000 of it may be refundable. Includes computer technology and equipment, and Internet access and related service fees.

My question: What if you have a student that has claimed the Hope Credit for the 1st two years and the LLC for the third year, can he now claim the AOC credit for the final year?

[solomon]

My question: What if you have a student that has claimed the Hope Credit for the 1st two years and the LLC for the third year, can he now claim the AOC credit for the final year?

I plan to do it as that is how I read the law.

[LCP]

Anything new on books qualifying regardless of where they are purchased?

I understand that they do qualify.

[Kram BergGold]

Aoc

The way I understan dit you can claim a combination of four years of Hope and AOC.
Yes, books and supplies qualify for AOC. They no longer have to be part of the amounts billed by teh university.